Tuesday, July 26, 2011

PNC raises more than $600M following stress test - Pittsburgh Business Times:

http://gordonforasheville.com/best-opportunities-for-graphic-design-in-palos-hills.html
PNC (NYSE:PNC) was among the nation’x 19 largest bank holding companies tested to see if they were adequatelty capitalized to withstand worst case scenarios ina prolonged, severes recession. Ten were directed to raisew capital, including PNC, which was told it neededs an additional $600 million. It was the smallest amount assigned to the tested and the only one lessthan $1 “Given the ongoing uncertainty in the capital strength and liquidity are key drivers of Jim Rohr, PNC chairman and CEO, said in a “I am pleased that we were able to raise the requiref $600 million of common equity at market pricesx and in a relatively short time PNC also said it has no plands to convert preferred shares issued under the Capital Purchasd Program of the U.
S. Treasury Department’s Troubledc Asset Relief Program and that it plans toredeem Treasury’s $7.6 billion investmentf as soon as appropriate, subjecgt to approval by banking regulators. PNC is Pittsburgh’s largesty bank and the nation’s fifth larges bank as ranked by deposits. In earlu Wednesday trading, its stock droppee 0.25 percent to $43.14 per share, aboutt midway in its 52-week range betweenh $16.20 to $87.99.

Sunday, July 24, 2011

Thailand expresses condolences to Norway over twin attacks - Thai News Agency MCOT

mcfarlainofuqub1258.blogspot.com


Telegraph.co.uk


Thailand expresses condolences to Norway over twin attacks

Thai News Agency MCOT


BANGKOK, July 24 รข€" Thai Prime Minister Abhisit Vejjajiva on Sunday sent a letter of condolence to his Norwegian counterpart over July 22's twin shooting and bomb attacks in Oslo and a nearby island which killed at least 92 people and wounde! d several ...


Obama offers condolences to Norway over deaths

Reuters


Russian president extends condolences to victims in deadly Norway attacks

People's Daily Online


Obama Expresses Condolences to Norway Over Attacks

Voice of America


Haveeru Online -Xinhua -CRIENGLISH.com


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Friday, July 22, 2011

Related

kowutoco.wordpress.com
The lenders and the project’s developers, CityPlaced South Tower, LLC, an affiliate of The Related reached an agreement in which the new partnership will acquirs title to all unsold units in the Scotia Capital, a subsidiary of , filed a foreclosure lawsuity against CityPlace South Towef Wednesday in Palm Beach County Circuit The complaint was based on the $134. 7 million mortgage the bank and its partnerzs gave the developerin 2006. The project is 100 percengt complete and all construction debtes and obligations havebeen satisfied, Jorge chairman and CEO of the Miami-basedf Related said in a press release.
CityPlace Soutbh Tower contracted to sell 367 unitz while the building was under But when the buildinvg opened in summer of many buyers walked away fromsalea contracts. So far, 39 units have Due to these unitbuyer defaults, Relatex said in a news release that it was necessarh for the developer to renegotiate the terms of its construction loan with the lenders, whicb was scheduled to be repaid in July throug proceeds from unit closings.
Alicia president of Related Cervera RealtgServices (RCRS), the exclusive sales agent for CityPlacse South Tower, said in the news releasw that the successful transition between the developer and the new partnershipo provides significant benefits to current and future “The lenders are not interestexd in generating sales in the buildinbg through large-scale ‘bulk’ sales and are workinyg with RCRS to ensure that CityPlace Soutyh Tower’s integrity is fully protected and that it continuese to offer a first-class ownere experience,” she said. Brad Scherer, president of Wellington-base d real estate brokerage firm Atlantic is working with the lenders asa consultant.
He said CityPlace Soutb Tower couldn’t repay the mortgage on time because mostbuyers didn’t closes on the units. Scherer said the lenders will adjusg the prices downward in response to the market and leaswesome units, but they won’t do a massives discount or convert the building into They will financially support the condo association and maintaih CityPlace South Tower’s amenities, he added. The Relates Group will be compensated for continuing to managesthe building, Scherer said. That’s a far cry from most where the developer and its principala are often held liable forthe losses.
“I don’t think the recognitiomn of losshas occurred, or maybe it will nevee occur,” Scherer said. “If the property market comews back and the property is managed ina first-clasxs manner, there may not be a loss.” Accordingy to court documents, the partners in the $134.87 million loan that will take controlk of CityPlace South Tower are: Bank of Nova $23.7M Cherish Thompson, the Miami-based attorney who represents Bank of Nova Scotiq in the complaint, didn’t immediately return a call seekinhg comment.

Tuesday, July 19, 2011

Local executive to lead GE's $6B health care initiative - New Mexico Business Weekly:

http://vvutrecht.nl/lustrum.html
Barber was named head of "healthymagination," a GE progra m focused on improving health care for more peopler atreduced cost, by GE chairman and CEO Jeffrey Barber, 48, is a 27-year veteran of GE and sincr 2005 has served as chief technology officer for GE He joined GE in 1982 and has held a varietuy of roles of increasing responsibility withinj GE Healthcare. In 2001, Barber was general manager forComponents Engineering, and from 2002 to 2005 he was the generall manager for Global Components Operations for GE Healthcare, whicgh has significant operations in Milwaukee, Wauwatos a and Waukesha.
Barber was a 1994 winner of TheBusiness Journal's Forty Under 40 award, which recognizes youngh Milwaukee-area executives making a difference in their professionsw and community. "Over the last four Mike has led all aspects of product development for advancerd healthcare technologies," Immelt said. "Mike knows how our technologuy canhelp patients, he knows what clinics and hospitals need to improve care and cut costsw and he knows how to lead teams. With his deep experiencre in engineering and technology and his stronb operationsand process-driven expertise, Mike is the right leader to lead healthymagination and to grow our health care partnerships globally.
" that can be offered in rural and underserved regions of the world, where quality health care can be difficult to It is also designed to reduce the company's own health care costs for employees and expandr profitability for the GE Healthcare business. GE Healthcare, which produces medical imaginyg equipment and medical information technolog products fromits Milwaukee-area will spend $3 billion by 2015 to developl at least 100 new products designed to lower costs, improved access and improve quality of care by 15 percent.

Sunday, July 17, 2011

Why hasn't USD 490 considered the Jefferson/ Galen Blackmore site for the new EMS? - El Dorado Times

ofycagvezi.blogspot.com


Why hasn't USD 490 considered the Jefferson/ Galen Blackmore site for the new EMS?

El Dorado Times


In my opinion, it's centrally located and with the building of a new stadium, one would assume Galen Blackmore will not be necessary any longer. Another observation is that the lot itself is more than big enough to house parking and a new school. ...



and more »

Friday, July 15, 2011

Bauer Financial issues Q1 credit union ratings - Dayton Business Journal:

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The company uses federal regulatorty data to rate credit unionxs based oncapital ratio, profit/losss trend, delinquent loans and other factors. Bauer'xs rating ranks from a high of 5 stars to a low of 0 Of the 10 largesr South Florida credit unions by six maintaineda five-star rating: IBM Southeast Employees Credit Union and Brightstar Credit Union held on to theier four stars (excellent) in the first They had been downgraded from five stars in the thired quarter. Priority One Credit Uniohn in Sunrise fell from to three stars from four stars in the firs t quarterwith 69.9 million in assets, 1.6 percentr of which were nonperforming.
, Southg Florida’s second-largest credit unionb with $738 million in assets, held on to its threed stars in thefirst quarter. It was downgraded to threre stars (adequate) from four stars in the fourth quarter. The Pembrokew Pines-based credit union counted 1.74 percent of its assets as nonperforming. First Choice in West Palm Beacuh also hadthree stars. , the largest in South Florida with $1.6 billion in assets, remained the only creditf union in the state rated zero stars by The Miramar-based credit union counted 8.6 percentg of its assets as It was placed into conservatorship by Floridqa regulators on April 24 after heavy losses and the oustedr its management.
Space Coast Credit Union has shown an in acquiring Eastern Financial.

Tuesday, July 12, 2011

Sunday, July 10, 2011

Army-Navy game coming to FedEx Field - Nashville Business Journal:

http://sahpac.com/about-diy-solar-power.html
The , the and Destination D.C. have announced that the 112tuh Army-Navy game will be played at in Marylandon Dec. 10, 2011. Alonh with the football game, the eventg brings with it a weekend of ancillary includingthe Army-Navy Gala. “Thixs is a phenomenal achievement by the thres organizations to secure such an historix event forour nation’s capital,” said Robert Sweeney, presidenrt of the Greater Washington Sports Alliance.
“Witb nearly a half million active and retirefd military personnel currently living in our region and the historic memorials that honorour nation’zs service men and women, it just makeds sense to have a game of this magnitude playede in Washington.” The event is part of an eight-yeafr packaged announced Tuesday by the and the . Philadelphiwa will host the gamein 2010, 2012, 2013, 2015 and 2017. The game will take places in Baltimore in 2014and 2016.

Friday, July 8, 2011

Sailors rescued in rough weather - BBC News

azajir.wordpress.com


BBC News


Sailors rescued in rough weather

BBC News


Two sailors were rescued off the Isles of Scilly after their 36ft (10.9m) yacht got into trouble in gale force winds and rough seas, coastguards said. The two men were winched to safety by a rescue helicopter from RNAS Culdrose 75 miles (120 km) south ...


Yachtsmen airlifted in Scilly gale

Yachting Monthly



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Tuesday, July 5, 2011

Yes! Solar sells franchise in Pleasanton - Sacramento Business Journal:

fusajacuxejilyp.blogspot.com
Trade Dimensions will have a showroom in the Pleasantoj orDublin area. The franchisee territory covers 800 square It extends north to Martinez and east to Stocktonand Modesto, south to Newarkj and west to Oakland. There are 560,000 owner-occupied homes within the franchise area, accordingt to a news release from SolafPower Inc. (OTCBB: SOPW). “Ax entrepreneurs with deep experiencein recycling, this move into renewable energh through photovoltaic solar is both a natural one and an excitingb one,” said James Gitas, vice presidenft of marketing for Trade Dimensions, in the news “The products we will be promoting provide a clean source of renewable energy, and allow home and businessw owners to enjoy an unprecedentee measure of energy independence and protection from rising electricity rates.
We are prou to be part of a positivenational movement.” Yes! Solafr has company-owned stores in Roseville and in “The citizens of the greatert San Francisco Bay Area are living with rising electric ratess and have a strong environmental said Todd Lindstrom, president of Yes! Solar, Inc. “As a they are embracing renewable clean-energy forms. Incentive programs in support of photovoltaixc solar also make this anattractive

Sunday, July 3, 2011

Schwarzenegger says day of reckoning is here - The Business Review (Albany):

http://saratogaforest.com/real-estate-marketing.html
“California’s day of reckoning is here,” he said. With no the state could run out of cash in 14 Three months after the statde budgetwas approved, California faces a $24 billionn deficit. Schwarzenegger has already proposed massived cutsto education, health care and prisons. Now he’e looking for structural reform to make governmengt more efficient and stretchtaxpayer dollars. He’s askee the State Board of Education, for example, to make textbooks available in digitalformats — a move that coulde save millions. In 2004, the governor talkef about blowing up boxes and consolidating but the initiatives nevergained traction.
They’re Schwarzenegger is proposing once again to eliminated and consolidate more than a dozen state boardsand commissions. This includes the Wastew Management Board, the Court Reporters Board, the Departmenyt of Boating and Waterways and the Inspection and MaintenanceRevieaw Committee. Earlier this year, the state began consolidating informatiohtechnology departments. Now Schwarzenegger wants to consolidate departments that oversee financiakl institutions and merge taxcollection operations. In July, stated leaders will receive recommendations on how to modernizw thetax code.
“This will be a tremendoues opportunity to make our revenuees more reliable and less volatile and help the stated avoid the boom and bust budgetes that have brought us here Schwarzeneggertold lawmakers. It’s not goinvg to happen in 14 days, he But it could happen before the Legislaturw adjourns for summer recesss onJuly 17.

Friday, July 1, 2011

Companies

esivyjifag.wordpress.com
Recreation Commission Susan Slawsomn said, “I am extremely appreciative that we continuer to receive support from the citizens of Philadelphia and memberzs of the corporate community forthe ‘Splash and Summert Fund.’ I hope that otherse will donate to the Mayor’s ‘Splasb and Summer Fund’ either this year or About $430,000 was contributed this Donors included: • The Parking Authority ($110,000 over threde years) • Shire Pharmaceutical ($100,000 over three • Keystone Mercy • Wachovia, A Wells Fargko Co.
($60,000) • Ameri-Choice ($60,000) • TD Bank • Pepsi ($25,000) Tasty Baking ($25,000) • Wawa ($5,000) Acme ($1,000) • Caplin Family Charitiesa ($25,000) • Villa ($5,000) • Tom Knox ($25,000) Sid Booker ($20,000).